A Letter To the Editor of the New York Times: “Aging Parents’ Willfulness May Be ‘Mismatched Goals,’” by Paula Span (The New Old Age, Sept. 3), seems to presume that middle-aged adults have a right to intervene in their aging parents’ lives, choices and decisions. I flinch every time I hear “I had to move my mother to a care facility” or similar …
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Dear Attorney Tully: My gentleman friend and I are traditionalists who would prefer to be married rather than to live together. However, if we were to get married, we would take a financial hit that might strain our finances. How would you advise someone in our situation? Answer: More and more seniors are living together without getting married. …
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Timing is everything. How often have you heard someone express that sentiment? While it’s often true of life in general, it’s certainly true in Medicaid planning. So, does an inheritance count as an asset for Medicaid purposes? For a single person, the answer is clearly, “Yes.” If a single individual is spending down his or her assets, and …
Dear Attorney Tully: I am so disgusted. Eight years ago we moved all of my father’s funds from my father to him and all three children. I thought after five years that Dad’s assets would be protected. Now we found out that NONE of the money is protected. Dad’s health is failing. What do we do? Answer: Unfortunately, many families add their …
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